Regard has signed up several large healthcare systems since launching its product in 2021, including Banner Health, Sentara Healthcare, Montefiore Medical Center, and Cedars-Sinai Medical Center. The company's revenue grew by 4.5 times in 2023 and is expected to reach profitability within the next two years. The company's competitors include Engage One, a product developed by 3M, and startup Pieces.
Key takeaways:
- Regard, a digital health startup, has raised a $61 million Series B funding round led by Oak HC/FT, with participation from Cedars-Sinai Health Ventures and existing investors.
- The company uses AI to analyze patients' health data, helping physicians save time and increase the accuracy of diagnosis.
- Regard's software mines thousands of data points in a medical chart and presents data in a way that allows doctors to detect health conditions more easily.
- Since launching its product in 2021, Regard has signed up a number of large healthcare systems, including Banner Health, Sentara Healthcare, Montefiore Medical Center and Cedars-Sinai Medical Center.